Shenwan Hongyuan Group Co Ltd (000166) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Shenwan Hongyuan Group Co Ltd stock ¥7.60, price ¥4.40, upside +72.7%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range ¥3.62 – ¥6.07 · fair‑value band ¥4.00 – ¥14.55 · the ¥4.40 price screens below the ¥7.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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Shenwan Hongyuan Group Co., Ltd. provides various financial products and services to corporate, professional institutional, individuals, and non-professional institutional customers.
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It operates through four segments: Enterprise Finance, Personal Finance, Institutional Services and Trading, and Investment Management. The Enterprise Finance segment offers equity underwriting and sponsorship, debt underwriting and financial advisory, and debt and other investment services.
The Personal Finance segment provides securities and futures brokerage, margin financing and securities lending, stock-backed lending, agreed repurchase securities trading, and investment advisory services, as well as sells financial products.
The Institutional Services and Trading segment offers prime brokerage, proprietary trading, and research and consultation services; and engages in trading of fixed income, currencies, commodities, equity, and equity-linked securities, as well as trading, hedging, sale, and OTC derivatives services to institutional clients.
The Investment Management segment provides asset management, mutual fund management, and private equity fund management services.
The company also involved in securities underwriting and sponsoring, wealth management, risk management, venture capital, investment research, and corporate financing services.
The company was formerly known as Shenyin Wanguo Securities Co., Ltd and changed its name to Shenwan Hongyuan Group Co., Ltd. in January 2015. Shenwan Hongyuan Group Co., Ltd. was founded in 2015 and is based in Urumqi, China.
Stock analysis
Shenwan Hongyuan Group Co Ltd (000166) currently trades at ¥4.40, while our model-based Fair Value estimate is ¥7.60, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ¥7.80 per share, and 10 of the 13 models we run sit above the ¥4.40 price.
Bear case: the Dividend Discount group reads lowest at ¥1.51, and 3 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥4.00 (bear) to ¥14.55 (bull), the price of ¥4.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2006: revenue and profit before it include the divested business. Growth is measured afresh from 2006.
Shenwan Hongyuan Group Co Ltd reported revenue of 38.6B CNY in FY2025 versus 43.7B CNY in FY2021, a compound −3.1%/yr. Reported net income was 9.5B CNY in FY2025, compounding +0.3%/yr from FY2021.
Key figures
Market cap 110B CNY (≈ $16.5B) Large · P/E ratio 12.0 · P/S ratio 4.54 · EPS (TTM) ¥0.3500 · Dividend yield 1.7% · Net margin 35.5% · Return on equity 6.8% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −17% fair-value upside, at 73%, 000166 screens cheaper than that median.
Fair Value models
Bear¥4.00Fair Value ¥7.60Bull¥14.55
Price ¥4.40 · Upside +72.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.2336 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2006: revenue and profit before it include the divested business. Growth is measured afresh from 2006.
Revenue growth 1 year
+17.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Start year 2020 (pandemic). Over 10 years: +2.5% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.1%
Dividend (yield on the price)1.7%
Per share before 2006divided by the spin-off factor 1.32
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.1% vs 2.5%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 51%
2025 sits 106% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+0.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +34.2% a year for the price and −1.3% for the forecasts.
Compare Shenwan Hongyuan Group Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside+72.7% · Top 25%
Profitability
Return on equity (12 months)6.8% · Below median
Return on assets1.3% · Below median
Net margin (12 months)35.5% · Above median
Operating margin (12 months)80.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−53.8% · Bottom 25%
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shenwan Hongyuan Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000166
Frequently asked questions
Is Shenwan Hongyuan Group Co Ltd (000166) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of ¥7.60 versus a price of ¥4.40, about +73% upside (undervalued).
What is the fair value of 000166?
Our model-based fair value for Shenwan Hongyuan Group Co Ltd is ¥7.60 (as of Oct 31, 2026), built from audited fundamentals. The current price: ¥4.40.
What is the quality score of 000166?
Shenwan Hongyuan Group Co Ltd has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Shenwan Hongyuan Group Co Ltd (000166)?
Our model-based price target is the fair value of ¥7.60 (as of Oct 31, 2026) from 13 valuation models. Cautious scenario ¥4.00, optimistic scenario ¥14.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenwan Hongyuan Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥7.60, about +73% upside versus a price of ¥4.40 (undervalued). Cautious scenario ¥4.00, optimistic scenario ¥14.55. The calculation is refreshed regularly with new filings.
What is the revenue of Shenwan Hongyuan Group Co Ltd (000166)?
Shenwan Hongyuan Group Co Ltd reported trailing-twelve-month revenue of about 24.3B CNY (latest available figure, as of Oct 31, 2026).
Does Shenwan Hongyuan Group Co Ltd pay a dividend?
Shenwan Hongyuan Group Co Ltd currently shows a dividend yield of 1.70% relative to its recent price (as of Oct 31, 2026).
What growth is priced into Shenwan Hongyuan Group Co Ltd (000166)?
For today's price to be fair in a discounted-cash-flow model, Shenwan Hongyuan Group Co Ltd would have to grow free cash flow by +36.4 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.6 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of 000166 use?
Our models discount Shenwan Hongyuan Group Co Ltd at 8.7 %: a base by market capitalisation (large), damped by beta 0.36, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shenwan Hongyuan Group Co Ltd that is +36.4 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Shenwan Hongyuan Group Co Ltd (000166) delivered so far?
Over the past 5 years revenue at Shenwan Hongyuan Group Co Ltd grew +0.6 % a year. The price currently implies +36.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shenwan Hongyuan Group Co Ltd (000166) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Shenwan Hongyuan Group Co Ltd (+36.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shenwan Hongyuan Group Co Ltd (000166)?
The free-cash-flow yield on the price is 1.57 %: that much free cash flow Shenwan Hongyuan Group Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shenwan Hongyuan Group Co Ltd (000166)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenwan Hongyuan Group Co Ltd it is ¥7.60 per share (as of Oct 31, 2026), against a price of ¥4.40. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Shenwan Hongyuan Group Co Ltd stock overvalued or undervalued in 2026?
As of Oct 31, 2026, 000166 trades below its calculated fair value: price ¥4.40, fair value ¥7.60, a gap of about +73% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000166?
No. The price is what the market pays today (¥4.40); the fair value is what the company's own numbers justify (¥7.60). For Shenwan Hongyuan Group Co Ltd the two are ¥3.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenwan Hongyuan Group Co Ltd worth?
The market values Shenwan Hongyuan Group Co Ltd at about 110B CNY (market capitalisation, as of Oct 31, 2026). Per share that is ¥4.40; our models calculate a fair value of ¥7.60 per share.
What do the bullish and bearish scenarios say about 000166?
Our models span a range for Shenwan Hongyuan Group Co Ltd: cautious scenario ¥4.00, base ¥7.60, optimistic ¥14.55 per share (as of Oct 31, 2026, price ¥4.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000166?
Shenwan Hongyuan Group Co Ltd trades at a price-to-earnings ratio of 12.0 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥7.60 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 22.4. Other multiples: P/B 1.0, P/S 4.5, EV/EBITDA 6.7.
How solid is the balance sheet of Shenwan Hongyuan Group Co Ltd (000166)?
Balance-sheet figures for Shenwan Hongyuan Group Co Ltd (as of Oct 31, 2026): return on equity 6.8%, debt of 0.64 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 000166 from its 52-week high?
Shenwan Hongyuan Group Co Ltd trades at ¥4.40, about 19% below its 52-week high of ¥5.40 and 5% above the low of ¥4.19 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥7.60 is for.
Which stocks are comparable to Shenwan Hongyuan Group Co Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shenwan Hongyuan Group Co Ltd stock attractive at the current price?
The data as of Oct 31, 2026: price ¥4.40, calculated fair value ¥7.60 (+73%), Quality Score 56/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000166 calculated?
We run Shenwan Hongyuan Group Co Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥7.60, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. Shenwan Hongyuan Group Co Ltd currently trades 42% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shenwan Hongyuan Group Co Ltd (000166)?
The closing price on Nov 5, 2026 was ¥4.40. Our model-based fair value is ¥7.60, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenwan Hongyuan Group Co Ltd right now?
The model range is unusually wide (¥4.00 to ¥14.55). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Shenwan Hongyuan Group Co Ltd (000166) come from?
Earnings per share at Shenwan Hongyuan Group Co Ltd grew −4.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.9 %, EBIT margin −5.3 %, tax rate +1.1 %, residual (interest, one-offs) −3.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shenwan Hongyuan Group Co Ltd
How large is the market capitalisation of Shenwan Hongyuan Group Co Ltd (000166)?
The market capitalisation of Shenwan Hongyuan Group Co Ltd is 110B CNY (≈ $16.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shenwan Hongyuan Group Co Ltd (000166)?
The price-to-sales ratio of Shenwan Hongyuan Group Co Ltd is 4.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shenwan Hongyuan Group Co Ltd (000166)?
Earnings per share at Shenwan Hongyuan Group Co Ltd are ¥0.3500 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenwan Hongyuan Group Co Ltd (000166)?
The dividend yield of Shenwan Hongyuan Group Co Ltd is 1.7% (payout 21.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shenwan Hongyuan Group Co Ltd (000166)?
The net margin of Shenwan Hongyuan Group Co Ltd is 35.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shenwan Hongyuan Group Co Ltd (000166)?
The return on equity (ROE) of Shenwan Hongyuan Group Co Ltd is 6.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shenwan Hongyuan Group Co Ltd (000166)?
On an EBIT basis the return on assets of Shenwan Hongyuan Group Co Ltd is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shenwan Hongyuan Group Co Ltd (000166)?
The operating margin of Shenwan Hongyuan Group Co Ltd is 80.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenwan Hongyuan Group Co Ltd (000166)?
Revenue at Shenwan Hongyuan Group Co Ltd is growing −53.8% versus a year earlier (3y avg +9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shenwan Hongyuan Group Co Ltd (000166)?
Earnings per share at Shenwan Hongyuan Group Co Ltd are growing −60.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shenwan Hongyuan Group Co Ltd (000166) carry?
The net debt of Shenwan Hongyuan Group Co Ltd is 336B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 31, 2026